ottawa real estate market

Looking at mortgage rates in Ontario can be enough to give you a splitting headache, given the increase in interest rates in Canada over the last several months on top of the fact that jumping into home ownership for the first time can be incredibly confusing.

But if you're thinking about jumping into the Ontario real estate market, the main thing you need to know is whether you make enough money to qualify for a mortgage.

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When fall hits in Ottawa, the search for the perfect place to get cozy for the winter begins for many locals.

But the cost of rental units is soaring right now — in September, the average projected price for a one-bedroom apartment in the capital was $1,820, according to That’s up $128 from the $1,692 average renters saw in July.

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This may be your chance to enter the housing market, Ottawa homebuyers! As per the Ottawa Real Estate Board's latest numbers, last month's home sales are down nearly 30%, but more listings are up and the market is apparently finally getting back to normal for the city.

According to the latest OREB news release, housing sales are cooling way off this summer. Sales in June have taken a 29% dip with 614 fewer sales for the month compared to what it saw last year.

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